inflation rate
Govt anti-inflation measures inadequate and anti-agriculture
October 2, 2018
Research group IBON said that the Duterte administration’s anti-inflation measures are reckless stop-gap measures that will ironically harm domestic agriculture, displace farmers and fisherfolk, and worsen food insecurity. The group also said that the government should use its vast authority to take much more decisive steps to reduce inflation. President Duterte issued Administrative Order (AO) […]
Poor Filipino families worst hit by rising July 2018 inflation
August 8, 2018
Research group IBON said that faster inflation largely due to rising food prices hits poor households the worst. The group also said that the Duterte administration’s proposal to increase food imports is short-sighted, and that the best defense against rising food prices and high inflation is to increase domestic food supply through long-term solutions that […]
Poorest 60M Filipinos suffer income loss due to first 6 months inflation in 2018
August 7, 2018
Lowest-income households lost as much as Php2,700 since start of 2018 Accelerating inflation since the start of the year has eroded the incomes of the country’s poorest families. Research group IBON estimates that the poorest 60 million Filipinos have suffered income losses of anywhere from Php993 to as much as Php2,715 because of worsening inflation […]
Govt’s TRAIN to blame for highest inflation in nearly 10 years — IBON
July 5, 2018
Research group IBON said that the government’s insistence on higher taxes especially on the poor is among the factors driving inflation rates to their highest in nearly a decade. The group said that runaway inflation is due to the peso depreciation and rising global oil prices combined with the Tax Reform for Acceleration and Inclusion […]
